Our senior partner, Barrister Mehmood Y. Mandviwalla, is recognised as an industry authority by clients and regulators alike — from the State Bank of Pakistan to the Securities and Exchange Commission of Pakistan.

He has the rare distinction of having acted on two of the only three Section 47 mergers ever completed in Pakistan — a merger undertaken on public-interest grounds under Section 47 of the Banking Companies Ordinance, 1962. We guide clients through every dimension of an M&A transaction — not only the deal itself but the regulatory overlay, including the Companies Ordinance, 1984, the Listed Companies (Substantial Acquisition of Voting Shares and Take-Overs) Ordinance, 2002, and Pakistan’s competition law.

• Isbank of Turkey — advising on its proposed acquisition of the entire operations of HSBC Pakistan.
• Faysal Bank Limited — acquisition of Royal Bank of Scotland (Pakistan) from RBS plc and its merger into Faysal Bank; we had earlier acted for ABN AMRO on its acquisition of Prime Commercial Bank.
• Bestways Group — acquisition of a majority stake in United Bank Limited, and earlier its original acquisition of UBL at privatisation.
• Suroor Investments — acquisitions of Arif Habib Bank (renamed Summit Bank), Atlas Bank and MyBank, and their mergers into Summit Bank.
• GlaxoSmithKline plc — acquisitions and mergers of Bristol Myers Squibb Pakistan and Stiefel Laboratories Pakistan into GlaxoSmithKline Pakistan.
• IFC, Nomura, Bank Muscat and Mr. Shaukat Tarin — a consortium’s acquisition of a majority stake in Saudi Pak Commercial Bank.
• Pakistan Telecommunication Company Limited — acquisition of a majority stake in Rozgar Microfinance Bank.
• DEG — sale of its 25% shareholding in Atlas Bank to the Shirazi Group.
• KASB Group — merger of KASB Capital into KASB Bank, an unusual non-banking-into-banking combination involving several regulators.
• Emirates Global Islamic Bank — its merger into Al Baraka Islamic Bank Pakistan, having earlier established the bank in Pakistan.
• Citibank — sale of its Pakistan mortgage portfolio to BankIslami, structured for a Shariah-compliant acquirer.
• Habib Bank Limited — acquisition of Citibank Pakistan’s credit-card portfolio.